Electric Cars FBT Exemption (Cwlth)
Eligible zero/low-emission cars FBT-exempt under car limits (until 2025 for PHEVs).
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Who must comply
Employers providing eligible electric vehicles + their employees.
What triggers it
Provision of eligible EV.
When due
Annual FBT return + STP RFBA.
Evidence required
Vehicle eligibility evidence + log books + payroll records.
Max penalty
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Summary
Treasury Laws Amendment (Electric Car Discount) Act 2022. FBT exempt for eligible zero or low emission vehicles within LCT threshold. PHEV eligibility ceased 1 April 2025. Reportable Fringe Benefits still apply.
Enforced by
Source legislation
Topics
taxfbtclimate
Source: https://ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/fringe-benefits-tax. Rules Mate is not a law firm. Always verify against the live regulator source before acting.